Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-09-24
DUN 4 CO.'S REPORT.
SlIOWING0F THkC0UNTRl 'STRAbEDIRING
IHhPANI SEVEN DAYS.
The Close Money Market Wise lui Btuefcia. Course
u the G,yeumrll-Thg Finances ii tie
CouDIy--CyniItIOas Of Genera.
Trade 10 Various Sections.

NEW YORK, September - l. q Dan
X Co. ; weekly review ot trade says, The
sudden change ut the Governments policy
brings uoPetuInrss to the money market
Possibly, indeed, too much may lie cA-
p,ctcd. Treasury purchases cannot en-
tiely remove the consequences Of the
short croDs, harmful speculation, over
hasty Development or the change OF active
into nXed capital. Wall street looks for
the whole oi the II l,OOO, 900, but large
part OF the bonds will come from the inter
ior and money will 90 thithcr Mach OF
it IL wanted TO meet commitments in new
enterprises and may he ~ absorbed. The
speculative advance in prices, which At
once begun. will make more money needed
to carry the same stocks or products The
country is now using, outside the Treas
ury II, 323, 900 600 Ot various kinds OF
money and a clear addition of one per
cent would not 20 very Tar. But this dis
hursement will not be wholly adding Of
currency, to the sum in use. herau-r the
Government receipts exceed regular rN-
pendiurcs by $1,000 600 OF more each
week
The best OF it is that
THE TREASURY HAS DONE,
and so may be- expected 10 dO whatever II
can to avoid disturbance. While money
Is INSTANTLY made easier IN Wall street, il
grows tighter throughout the interior.
Effects ol absorption OF capital in building
and rapid development are each week felt
morc clearly. At Cleveland money is
very cOsr At Chicago the constant
demand from the country towns causes u
pressure of which no relaxation al present
j. expected. The recent failures cause
caution 1T Philadelphia Former failures
also cause pressure At Cincinnati, where :
per cent Is commonly paid. At New Or
leans money has not been 50 tight sinre
thr GtIul- Ward failure At Kansas
City, Omaha aud Milwaukee money j.
close, aud irom nearly all points collec-
tIous are reported SLOW or "only fair.
During tin" past week the Treasury has
paid out 81, juU, 900 more than 1t has taken
in, 50 that It's payments exceed its receipts
for the month by III, 100000.
Some depression results from recent iail-
urrS IN the iron trade and from
rUNrINUED HEAVY NIruETAIIuNs.
and while the best brands OF pig are firm,
the heavy output tends to weaken other
grades.
Boot aud shoe sales are not up to the re-
cent expectations Travellers reporting
orders contracted by monopoly prcSsurc4.
Leather and hides are consequently dull;
and some alackening in the wooden goods
trade, checks the late promise OF greater
activity in wool. Dry goods experience
some reaction from the unusual activity Of
recent weeks but prices are firmly held.
Prices IN the StOcI. market declined Mon
day and Tuesday, to the lowest Of the
yv.u, but have since recovered smaItly.
Wheat il also lifting little and Il new
speculation appears in oil, with some ad-
vance in coffee.
The tendency Tor tic moment Is 60 at
vance prices in nli markets, on account of
Treasury disbursements, but the shorrHcSs
of crops, and the absorption oI capital INTO
fixed formS, must still have some iniu-
encr. The business failures during the
last seven days numhcl Tor the United
&tates i5u, Canada ~, total ~; compared
with = last week, and - tor the CORE.
spending week III l--G.